AlphaQuest LLC Purchases 18,778 Shares of Frontier Communications Parent, Inc. $FYBR

Key Points

• AlphaQuest LLC significantly increased its stake in Frontier Communications Parent, raising its position by 1,779.9% during the first quarter, holding 19,833 shares worth approximately $711,000.
• Frontier Communications reported a quarterly revenue of $1.54 billion, slightly above analysts' expectations, but had a loss of ($0.49) EPS, missing the consensus estimate.
• The company's stock opened at $36.94 with a market capitalization of $9.25 billion and is showing a one-year price range between $27.88 and $39.21.

AlphaQuest LLC grew its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 1,779.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,833 shares of the company's stock after buying an additional 18,778 shares during the quarter. AlphaQuest LLC's holdings in Frontier Communications Parent were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Frontier Communications Parent by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 24,354,812 shares of the company's stock valued at $873,364,000 after acquiring an additional 77,795 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Frontier Communications Parent during the fourth quarter valued at approximately $114,555,000. Northern Trust Corp boosted its stake in Frontier Communications Parent by 1.9% in the 1st quarter. Northern Trust Corp now owns 2,118,814 shares of the company's stock valued at $75,981,000 after buying an additional 39,872 shares in the last quarter. Aristeia Capital L.L.C. boosted its stake in Frontier Communications Parent by 152.4% in the 4th quarter. Aristeia Capital L.L.C. now owns 2,001,788 shares of the company's stock valued at $69,462,000 after buying an additional 1,208,699 shares in the last quarter. Finally, Alpine Associates Management Inc. boosted its stake in Frontier Communications Parent by 53.9% in the 1st quarter. Alpine Associates Management Inc. now owns 1,604,844 shares of the company's stock valued at $57,550,000 after buying an additional 562,214 shares in the last quarter.

Frontier Communications Parent Price Performance

Frontier Communications Parent stock traded down $0.05 on Friday, reaching $37.08. The company's stock had a trading volume of 2,604,098 shares, compared to its average volume of 2,594,135. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market cap of $9.28 billion, a price-to-earnings ratio of -23.92 and a beta of 0.95. The business's fifty day moving average price is $36.73 and its 200 day moving average price is $36.32. Frontier Communications Parent, Inc. has a twelve month low of $27.95 and a twelve month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.18). The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. Frontier Communications Parent had a negative net margin of 6.40% and a negative return on equity of 7.88%. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.49) EPS. Equities analysts expect that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Frontier Communications Parent Profile

Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services.